48 Dundas Street
Greater Napanee, ON
2 bed • 4 bath • approx. 2500-3000 sqft • Store W Apt/Office • 91 days on market
Prime Mixed-Use Investment - 48 Dundas Street East, Downtown Napanee. A strong mixed use income property in the heart of Napanee's revitalized downtown, featuring 2 residential units, 1 commercial unit, and 2 storage units. All spaces are fully leased, generating a current gross income of $61,647/year. The commercial tenant is secured until August 2027, providing stable long term cash flow. The main floor commercial space offers 1,300 sq. ft., quality finishes, two bathrooms, dedicated laundry, a new furnace, and a rubber membrane roof installed in 2020. Upstairs are two well designed apartments: a bright modern studio with a heat pump, and a spacious one bedroom with open concept living and a private balcony. Shared laundry is located in the common hallway. Additional income includes one storage unit at $100/month and a second at $500/month. With an approximate 7% NOI, this property delivers strong, stable returns supported by diversified income streams in a growing market. Located steps from the rapidly expanding Gibbards District, the property benefits from increasing population density and customer traffic. Financials are available upon request - a rare opportunity to secure a stable, diversified asset in a thriving downtown corridor.
Listing Details
- Taxes (2025)
- $3,954
- Listed
- May 28, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick, Stone
- Roof
- Flat, Other
- Foundation
- Concrete
- Interior
- Carpet Free, Separate Heating Controls, Separate Hydro Meter, Storage
- Lot Size
- 20 x 132 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Dundas Street East (#48) between East Street and John Street
- Zoning
- C3
- Parcel Number
- 450920121
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Washer, Dryer, Refrigerator, Stove, All Bathroom Mirrors, All Light Fixtures, All Smoke Detectors, All Carbon Monoxide Detectors.
- Exclusions
- All Tenants Belongings
- Rental Items
- Water Heater
Schools
Elementary
- The Prince Charles School0.6 km
Public · Limestone DSB · 490 students
Grade 3 reading: 64% met the provincial standard · Grade 6 math: 44% met the provincial standard
- J J O'Neill Catholic School0.9 km
Catholic · Algonquin and Lakeshore CDSB · 250 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 33% met the provincial standard
- Southview Public School1.5 km
Public · Limestone DSB · 620 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 56% met the provincial standard
Secondary
- Napanee District Secondary School0.7 km
Public · Limestone DSB · 1010 students
Grade 10 literacy: 82% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K7R
- Population
- 15,480
- Private dwellings
- 6,845
- Median age
- 50.4
- Average household size
- 2.3
- Median household income
- $77,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Greater Napanee · last 12 months
- Median sold price
- $500,000
- Homes sold
- 215
- Median days on market
- 39
- Sale-to-list price
- 95.1%
Based on 215 recorded sales of residential freehold properties in Greater Napanee over the last 12 months.
Rooms
2 × 2-piece on Main, 3-piece on Upper, 4-piece on Upper
Upper
- Bathroom5'9" x 13'5"
- Bathroom6'11" x 5'1"
- Bedroom11'7" x 11'5"
- Bedroom16'2" x 18'2"
- Common Room8'2" x 6'8"
- Foyer6'10" x 7'7"
- Foyer3'10" x 3'5"
- Kitchen7'5" x 11'3"
- Kitchen12'9" x 13'5"
- Living Room18'10" x 12'11"
Main
- Bathroom6'1" x 2'10"
- Bathroom6'1" x 2'7"
- Common Room12'8" x 17'7"
- Common Room11'8" x 23'11"
- Office12'1" x 5'10"
- Office9' x 16'
- Sitting15'7" x 16'
Listed by
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Location
Mortgage Calculator
$135,000
Estimated Monthly Payment
$3,316
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,316/mo (20% down, 5.5%)
Taxes: $330/mo · Insurance: $169/mo
Estimates only. Consult a financial advisor.
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